EB 93-6  
BANKING ISSUANCES  
Comptroller of the Currency
Administrator of National Banks
Type: Examining Bulletin
Subject:   Regulation F, Interbank Liabilities Examination Procedures                 

TO:  Deputy Comptrollers, District Administrators, Department and
Division Heads, and All Examining Personnel

PURPOSE

Attached are interim examination procedures for Regulation F -
Interbank Liabilities.  Please file them in the Comptroller's
Handbook for National Bank Examiners after section 412.

BACKGROUND

Regulation F implements section 308 of the Federal Deposit
Insurance Corporation Improvement Act of 1991 (FDICIA).  It
requires the Board of Governors of the Federal Reserve to
prescribe standards to limit the risks posed by exposure of an
insured depository institution to other depository institutions.

The regulation consists of two primary parts.  The parts are the
Prudential Standards (Section 206.3) and Credit Exposure (Section
206.4).

The provisions for the Prudential Standards were effective June
19, 1993.  The Prudential Standards section requires depository
institutions to adopt and maintain written policies and
procedures to evaluate and control exposure to a correspondent.

The Limit on Credit Exposure to Certain Correspondents (Section
206.4(a)) will begin a phase-in period one year later.

Please direct questions to this Office at (202) 874-5170.




Donald G. Coonley
Chief National Bank Examiner

August 31, 1993

Attachment